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Home/IPO/Karamtara Engineering IPO
Updated: 17-Sep 9:29
Karamtara Engineering

Karamtara Engineering IPO

ListedIPO

Listing at: BSE, NSE • Sector: Pending Review • 705, Morya Landmark II,New Link Road,Andheri (West),Mumbai, Maharashtra, 400053

Allotment status Not declared yet

Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.

Live GMP Today
₹46 (18.11%)
Rating:3/5
Est. Listing Price
₹300
Est. Gain: +18.1%
Est. Profit / Lot
₹2,714
Per Retail Application
Price Band
₹254
Face Value: ₹10
Min. Retail Inv.
₹14,986
Lot: 59 Shares
Total Subscription
66.01x
Anchor: Yes

Karamtara Engineering IPO GMP History

Genuine daily snapshots retained by the WeeStox backend

Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.

GMP dateIPO priceGMPPremiumEst. profit / lotSubscriptionMovement
20 Sept 2026₹254+₹4618.11%+₹2,71466.01x↓ Down
14 Sept 2026₹254+₹7127.95%+₹4,18966.01x↑ Up
10 Sept 2026₹254+₹6927.17%+₹4,0713.8x↓ Down
09 Sept 2026₹254+₹7228.35%+₹4,2481.34x↑ Up
07 Sept 2026₹254+₹5822.83%+₹3,422-↑ Up
05 Sept 2026₹254+₹4116.14%+₹2,419-Flat

Explore the complete GMP movement

Open the chart and all available daily records.

Karamtara Engineering IPO Details

IPO Date09 Sept 2026 to 11 Sept 2026
Listing AtBSE, NSE
Face Value₹10 per share
Price Band₹254
Lot Size59 Shares
Total Issue Size₹875.00 Cr(₹1,255.57 Cr)
Fresh Issue266.00L shares (₹675 Cr)
Offer for Sale (OFS)₹200 Cr (approx 2.74 Cr shares)
Issue TypeBook Built Issue IPO

Karamtara Engineering IPO Timetable

IPO Open Date09 Sept 2026
IPO Close Date11 Sept 2026
Basis of Allotment15 Sept 2026
Initiation of Refunds15 Sept 2026
Credit of Shares to Demat15 Sept 2026
Listing Date17 Sept 2026
Cut-off time for UPI Mandate5 PM on 11 Sept 2026
Employee Discount₹20.00/share (Up to 52,083 shares)

Karamtara Engineering IPO Reservation

CategoryReservationShares Offered
Anchor Shares Offered30.00%1,03,34,644
QIB Shares Offered20.00%68,89,765
HNI Shares Offered15.00%51,67,323
Retail Shares Offered35.00%1,20,57,086
Total Shares Offered100.00%3,44,48,818

Karamtara Engineering Anchor Details

PDF
Anchor Bid Date07 Sept 2026
Anchor Shares Offered1,03,34,644 Shares
Total Anchor Portion₹262.5 Cr
Lock-in 50% End Date14 Oct 2026 (30 Days)
Lock-in Rem. 50% Date13 Dec 2026 (90 Days)

Karamtara Engineering IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)Reserved Applications
Retail1 Lot59 Shares₹14,9862,04,357
sHNI14 Lots826 Shares₹2,09,8042,085
bHNI67 Lots3953 Shares₹10,04,0624,171

Karamtara Engineering Promoter Holding

Pre-Issue HoldingDisclosed in RHP
Post-Issue HoldingTo be calculated

Karamtara Engineering IPO Broker Consensus & Reviews

Institutional and brokerage house recommendations with verified review reports
Consensus:75% Positive (Apply)
Apply: 12 (75%)Neutral: 3 (19%)Not Rated: 1
Total: 16 Analysts
Broker / Research FirmRecommendationResearch Report
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Bajaj Financial Securities Limited Not RatedView Review

Karamtara Engineering IPO Live Subscription Status

Bidding demand breakdown by shares, institutional demand in ₹ Cr, applications & HNI funding cost
Overall Demand:66.01x
05:19 pm
Investor CategoryShares OfferedShares BiddedSubscription Times
QIBs68,89,7651,65,12,0942.40x
HNIs51,67,3233,35,90,8836.50x
↳ HNIs 10+34,44,8822,04,80,5525.95x
↳ HNIs 2+17,22,4411,31,10,3317.61x
Retail1,20,57,0864,22,43,0563.50x
Total2,41,14,1749,23,46,0333.83x

Karamtara Engineering Limited Financial Information (Restated Consolidated in ₹ Crores)

Period EndedAssetsTotal IncomeProfit After TaxEBITDANet WorthTotal Borrowing
30 Mar 2026₹4142.24 Cr₹4316.36 Cr₹228.75 Cr₹498.11 Cr₹1219.40 Cr₹1030.13 Cr
30 Mar 2025₹2762.59 Cr₹3165.36 Cr₹139.33 Cr₹346.83 Cr₹982.67 Cr₹556.28 Cr
30 Mar 2024₹1844.56 Cr₹2427.12 Cr₹102.65 Cr₹262.93 Cr₹552.92 Cr₹508.51 Cr

Karamtara Engineering Key Valuation & Financial KPIs

ROE20.77%
ROCE23.27%
Debt / Equity0.84x
P/E (Post IPO)35.72
EBITDA Margin11.55%
Market Cap₹8174.3 Cr

Karamtara Engineering IPO Analysis

Review the company's key advantages and material business risks.

Strengths & Positives

Competitive advantages and operational merits

  • Market Leadership in Solar Structures: The company is the largest integrated manufacturer in India by installed capacity for solar mounting structures and tracker components. Its wide product range supports solar, transmission, wind power, and industrial applications, enabling end-to-end solutions for renewable energy projects.

  • Experienced Promoters and Strong Management: The business is led by experienced Promoter Directors with nearly three decades of manufacturing expertise, supported by a skilled management team. The promoters’ industry knowledge and legacy in the transmission sector have been instrumental in driving sustained growth.

  • Strong Global Customer Relationships: The company has built long-standing relationships with global OEMs, EPCs, and IPPs, resulting in high customer retention. Being an approved and trusted supplier to leading solar energy companies strengthens its market position and revenue visibility.

  • Dependence on Short-Term Customer Orders: The company does not have long-term purchase commitments from most customers and primarily operates on purchase orders and short-term, non-exclusive supply agreements. Any inability to consistently secure new orders could adversely affect revenue visibility, cash flows, and financial performance.

About Karamtara Engineering Limited

Karamtara Engineering IPO is a book build issue of ₹875.00 crores. The issue is a combination of fresh issue of 2.66 crore shares aggregating to ₹675.00 crores and offer for sale of 78.74 lakh shares aggregating to ₹200.00 crores.Karamtara Engineering IPO bidding opened for subscription on Sep 9, 2026 and will close on Sep 11, 2026. The allotment for the Karamtara Engineering IPO is expected to be finalized on Sep 15, 2026. Karamtara Engineering IPO will list on NSE and BSE with a tentative listing date fixed as Sep 17, 2026.Karamtara Engineering IPO is set issue price band at ₹241 to ₹254 per share. The lot size for an application is 59 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,986 (59 shares) (based on upper price).JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.Refer to Karamtara Engineering IPO RHP for detailed Information.

Incorporated in 1996, Karamtara Engineering Limited is engaged in the business of manufacturing Products for renewable energy and transmission lines. The company offers a diverse product portfolio, serving as a one-stop shop for solar structures (fixed-tilt and trackers), fasteners for solar energy and transmission sectors, and overhead transmission line hardware fittings. The company is entering the wind energy sector by setting up a manufacturing facility for tubular towers for wind turbines, with operations expected to begin in the first quarter of Fiscal 2026. As of March 31, 2026, the company has a global presence, exporting to over 50 countries across North America, Europe, Asia, Africa, Australia, and Latin America, with a broad geographical footprint and delivery model. The company focuses on backward integration with in-house galvanizing facilities, the largest in India's solar energy sector (258,000 MTPA), and rolling mill furnaces, providing competitive advantages in the supply chain, time efficiency, and cost. As of March 31, 2024, the company had 1,015 permanent employees. • Solar energy: They offer a wide range of solar mounting products, including fixed-tilt structures and tracker components for all types of solar projects. • Lattice towers for transmission lines: The company manufactures a wide range of lattice towers for power transmission lines, with capabilities up to 1,200 kV. As of September 30, 2024, it has supplied over 0.5 million MT of towers globally. • Fasteners for solar, wind, and transmission segments: The company manufactures a wide range of fasteners for industries like solar, wind, transmission, automobile, and telecom, including bolts, nuts, studs, washers, and custom fasteners for global clients and industrial applications. • Largest integrated manufacturer in India for solar mounting structures and tracker components • Diverse product offerings acting as a one-stop shop for solar structures (fixed-tilt and trackers). • Extensive global footprint with a track record of exports to over 50 countries • Established relationships with global customers and high customer retention • Strategic network of manufacturing facilities with advanced capabilities • Experienced Promoter Directors supported by a skilled management team

Shariah Compliance Screening (AAOIFI Standard 21)

Business ActivityRequires ReviewImpermissible Revenue ≤ 5%
Debt-to-Assets Ratio24.87%Threshold ≤ 33% of Assets
Purification GuidanceStandard 0.5%Donate interest dividend fraction
Auditor Notes: Sector information not available — cannot screen business activity

Karamtara Engineering IPO Documents & Reports

Official prospectus, reports and regulatory filings
Document TitleAuthority / HostStatusAction
Red Herring Prospectus (RHP)
Complete offer document filed with ROC & SEBI
SEBI / ROCAvailable View RHP
Draft Red Herring Prospectus (DRHP)
Initial regulatory draft submitted for public comments
SEBI FilingsFiled View DRHP
Anchor Investor Allocation Report
Allotment list to institutional bidders
BSE / NSE CircularDisclosed Anchor PDF
IPO Allotment Status & Basis of Allotment
Registrar query portal via PAN / Application No.
MUFG Intime India Pvt.Ltd.Live Portal Check Allotment
Corporate Website & Investor Relations
Official portal and financial reports
Issuer PortalActive Visit Portal

Karamtara Engineering IPO Registrar & Lead Managers

Registrar of the Issue
MUFG Intime India Pvt.Ltd.
022-49186000
Book Running Lead Managers (BRLM)
  • JM Financial Ltd.
  • ICICI Securities Ltd.
  • IIFL Capital Services Ltd.
Registered Office

705, Morya Landmark II,New Link Road,Andheri (West),Mumbai, Maharashtra, 400053